- General advice on the ownership element;
- Revision of an existing ownership structure;
- Constructing a new ownership structure which includes the drafting of the relevant agreements and the registration of the legal entities required.
We construct the following ownership schemes as provided for by the Amended Codes of Good Practice:
- Broad-based ownership schemes;
- Employee share ownership programmes;
- Trust;
- Family Trust;
- Sale of Assets, Equity Instruments and other Businesses.
Ownership in the BEE context plays an important part in the bigger scheme of things but does not have to be difficult to understand or implement.
Our B-BBEE Laws provide scorecards against which a business’s B-BBEE compliance is measured. The scorecards consist of various elements every business should aim to comply with. They are:
- Ownership
- Management Control
- Skills Development
- Enterprise and Supplier Development
- Socio-Economic Development
Ownership compliance can be achieved in various ways. The most obvious being direct shareholding in your business by a black individual (as defined) and the most noticeable being the registration of trusts, non-profit companies or profit companies which will hold shareholding in your business.
Some examples of ownership structures are:
